Metminco has released the details of feasibility-study technical findings for the development of its Miraflores gold project in Colombia.
The company has declared a maiden NI 43-101 and JORC 2012-compliant ore reserve for Miraflores of 4.326Mt at 3.29g/t of gold for 456,000 contained ounces of gold.
It is envisaged that the project will be constructed over an 18-month period from the commencement of detailed engineering on March 1, 2018, Metminco said.
The early definition of major equipment such as mills, crushers, thickening and filtering equipment will be undertaken in a three-to-four month front end engineering design phase prior to project full commencement.
Commencement of site works is subject to EIA approval.